Delta 100 Program

LHC’s Commitment

In keeping with its mission to ensure that every Louisiana resident is granted an opportunity to obtain safe, affordable, energy-efficient housing, the LHC offers the Delta 100 Program. This $2 million, parish-specific program helps some first-time homebuyers who lack traditional credit but have demonstrated the ability, willingness, and commitment to homeownership through alternate avenues.

LHC will provide up to 100% financing and up to 3% closing cost and prepayment assistance to eligible homebuyers. These borrowers are required to complete a Homebuyer Education Course, meet minimum investment requirements and have sufficient cash reserves to qualify.

Read on to find out if this program is right for your prospective homebuyer.

Program Details

30-year, fixed below market interest rate
First-time homebuyer only with no minimum credit score
Must purchase single-family housing in the Delta Parishes*
Borrower investment: 1% of purchase price or $1,500, whichever is less (gifts not allowed)
Homebuyer education required

* Caldwell, Catahoula, Concordia, East Carroll, Franklin, Madison, Morehouse, Pointe Coupee, Richland, Tensas, West Carroll, and Ouachita (excluding Monroe)

Program Benefits

Mortgage insurance not required
Up to 3% for closing costs and prepaid items
Maximum loan amount of $242,000
Household income up to HUD 80% AMI by parish and household size

Delta 100 Program

LHC’s Commitment

Program Details

Program Benefits

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